caymannational.com More branches. More ATMs. More smiles. cayman compass Your most trusted news source Established 1965 Funding local journalismWednesday, 8 January 2020 2020 green iguana cull begins Page 6 compass 75 CENTS Funding local journalismWednesday, 8 January 2020 Cayman shoemaker turns 105 Shows in South Florida this month Page 7 Two appear in court over football fraud Page 5 Page 4 Photo: Taneos Ramsay• Matinees Daily (matinee price before 6pm) • Seniors $8.00, Mon-Fri Before 6pm • Additional charges apply per 3D/VIP tickets Cayman Cinema@cbcinema6cbcinema6 SATURDAY NIGHT: For your viewing pleasure, minors under the age of 18 will not be admitted to any film starting after 6pm, unless accompanied by their parent. - WEDNESDAY - 640-FILM (640-3456) CATS (PG) 3:35 | 9:10 FROZEN 2 1:00 | 6:30 THE GRUDGE (R) 2:00 | 4:30 | 7:15 | 9:40 | 10:05 VIP JUMANJI: THE NEXT LEVEL (PG13) 12:45 VIP | 4:10 | 7:05 | 9:55 LITTLE WOMEN (PG) 12:45 | 4:00 | 9:30 SPIES IN DISGUISE (PG) 1:40 | 4:20 | 7:00 STAR WARS: THE RISE OF SKYWALKER (PG13) 12:30 | 3:40 VIP | 6:50 VIP | 7:30 PRINTED AND PUBLISHED BY: Cayman Compass Ltd. Compass Centre, Shedden Road, George Town, Cayman Islands SEND US YOUR VIEWS OR NEWS: P.O. Box 1365 Grand Cayman, KY1-1108 Cayman Islands Telephone: (345) 815-0095 Email: newsdesk@compassmedia.ky ADVERTISE WITH US: T: (345) 949-5111 E: sales@compassmedia.ky W: caymancompass.com PUBLISHER KATHLEEN CAPETTA NEWS PRODUCER AND OPERATIONS MANAGER KEVIN MORALES A MEMBER OF THE INTER-AMERICAN PRESS ASSOCIATION “Give light and the people will find their own way” Cloudy skies with a 20% chance of showers weather Forecast today Cayman Islands 82°F 77°F HIGH LOW WINDS Northerly at 5 to 10 knots SEA STATE Slight with wave heights of 1 to 3 feet cayman compass 2 news N news WEDENSDAY, 8 JANUARY 2020 The Department of Environment is appealing to Cayman Islands residents to help document the incidences of ‘king tides’ – much higher- than-normal tidal surges – that are expected early this year. King tides, also knows as perigean tides, are caused by several factors, including the proximity and alignment of the sun and moon to the Earth. The National Oceanic and Atmospheric Administration describes king tides as long-period waves that roll around the planet as the ocean is “pulled” back and forth by the gravitational force of the moon and the sun as these bodies interact with the Earth in their monthly and yearly orbits. Higher-than- normal tides typically occur during a new or full moon and when the moon is at its perigee. According to the DoE, king tides are expected to occur in Grand Cayman and the Sister Islands in mid-January and again in early- to mid-February, coinciding with the full moons for those months. A press release from the DoE stated, “Scientists at the National Oceanic and Atmospheric Administration are able to predict these ‘King Tides’ each year and they are not normally considered cause for alarm. However, given our low-lying topography and rising sea levels associated with global climate change, the Department of Environment is keen to begin to better understand potential impacts resulting from these events. Depending on the location of the sun and moon relative to the Earth at the time, tides may rise just a few inches to a couple of feet above normal.” The DoE is requesting residents document higher-than-normal tides by taking photographs and sending the pictures to the department. “In recent years we are aware of increasing Two ‘king tides’ expected in early 2020 A man remained in critical condition Tuesday after his car collided with a tree in Bodden Town on Sunday night. Police said the accident occurred shortly after 7pm on Bodden Town Road, east of Lakeview Drive. The man’s vehicle had been travelling in the eastbound lane when it left the roadway and collided with a tree, police said. He was the only person in the vehicle. Emergency services attended the location and the driver was transported by ambulance to the Cayman Islands Hospital, where he is being treated for serious injuries. Police said the accident is under investigation. Driver critical after Bodden Town crash instances of seawater from King Tides washing into some low-lying local streets or groundwater backing up in storm drains,” said Wendy Williams, manager of DoE’s environmental management unit, in the press release. “Unfortunately, we don’t currently have any annual, reliable observations of these occurrences. DoE staff members will document the high tide incidents they are aware of, but more eyes watching are always helpful.” In September 2014, king tides knocked over casuarina trees along Frank Sound and eroded local beaches, when tides rose up to 12 inches above sea level, according to data collected by a monitoring sensor at George Town Harbour. Residents in low-lying and coastal areas, including Snug Harbour, North Sound and Red Bay, reported flooding due to the high tide at the time. Referring to the upcoming king tides, Environment Minister Dwayne Seymour said having better annual records of high tide events “can help us to understand what a future sea level rise might look like, and thus aid in making preparations for such an event”. He added, “I would encourage Cayman residents to participate and help us to document these events so we can learn from them.” Anyone with photos and information of king tide events can send that information to DoE@gov.ky or call 949-8469. A stretch of Seven Mile Beach was eroded because of high tides in 2014.ANDREL HARRIS aharris@compassmedia.ky US citizens in Cayman and Jamaica are being urged to remain vigilant as tensions rise between the US and Iran. A statement issued by the US Embassy in Jamaica advises US residents to “Keep a low profile. Be aware of your surroundings. Stay alert in locations frequented by tourists. Review your personal security plans. Have travel documents up to date and easily accessible.” The warning comes less than a week after an American drone strike killed Hossein Salami, Iran’s highest-ranked general, who at the time of his death was the commander-in-chief of the Islamic Revolutionary Guard Corps. Iran has since vowed revenge on America. Although the US Embassy in the UK has official jurisdiction for US/ Cayman-related matters, authority has been delegated to the embassy in Jamaica. A statement posted on the US Embassy in Jamaica website warned, “There is heightened tension in the Middle East that may result in security risks to US citizens abroad. “The Embassy will continue to review the security situation and will provide additional information as needed.” US citizens warned to be alert amidst US-Iran tensions CAROLINA LOPEZ clopez@compassmedia.ky More than 80 people turned out on Sunday in George Town to clean the streets, collecting more than 12,000 pieces of litter in two hours. Plastic Free Cayman, which organised the exercise, usually carries out beach clean-ups, removing plastic debris from the shorelines, but in its latest effort, the non-profit wanted to collect data to present to government, so targetted the highly trafficked downtown George Town area. Volunteers worked in teams to record all the 12,000 items removed, the organisation said in an email. The most common pieces of litter found were cigarette butts, with more than 5,000 of those collected. The next most common items were plastic wrappers, followed by metal bottle caps, plastic bottles and glass bottles. Plastic Free Cayman stressed that cigarette butts are not bio- degradable as they are made from polymers of plastic that often end up in water systems. Single-use plastics, which include cigarette butts, comprised 80% of the items collected, the organisation said. Smoking-related items, such as cigarette butts, discarded lighters and cigarette packets, accounted for 45% of the litter collected, while 40% was from food and beverages. In the email, Plastic Free Cayman called for local anti- litter laws to be better enforced and for the government to put in place a policy to address the use of single-use plastics. Volunteers stand together at Plastic Free Cayman's first clean up for 2020 in George Town on Sunday. Plastic Bottle Caps Plastic Bags Aluminium Cans Styrofoam Containers Plastic Straws Glass Bottles Plastic Bottles Metal Bottle Caps Plastic Wrappers Cigarette Butts GEORGE TOWN, 5 JAN. 2020 Top 10 pieces of litter collected Total top 10 pieces: Total pieces collected: 9,832 12,097 - 1,000 2,000 3,000 4,000 5,000 6,000 5,395 420 456 468 478 481 486 514 558 576 12,000 pieces of litter removed in 2 hours Plastic Free Cayman starts new year with clean-up cayman compass 3 news N news WEDENSDAY, 8 JANUARY 2020Cayman shoemaker turns 105 Wellesley Howell in his shoeshop in Shedden Road on Tuesday where he was celebrating his 105th birthday. The photograph on the left shows him as a younger man working in the same shop, which he opened 42 years ago. JEWEL LEVY jlevy@compassmedia.ky Cayman’s oldest man, shoemaker and saxophonist Wellesley Howell, turned 105 on Tuesday. “Only God almighty can answer the question of my long life; it’s in his hands,” said Howell as he worked in his shop on his birthday. Howell, who was born on 7 Jan. 1915, in Chesterfield, St. Mary in Jamaica, has seen the world change dramatically during his lifetime. “If I live to see more years, I will try to do what I can. Anything my body can help me to do, I will do it,” he said. “I would be grateful if the Master gives me a little longer but I’m not entering into that. I leave it in his hands.” In the doorway of his Shedden Road shop, which has been open for 42 years, friends and family stopped by to congratulate him on his long life Tuesday, and Howell had a welcoming smile for each one of them. “I believe, I don’t see it yet … they have a nice plan set up for my birthday on Saturday,” he said. “I will be playing my saxophone and dancing too. And don’t ask about the domino, I am a giant right now towards the dominoes … I’m going to prove it,” Howell said. Chatting about one of his favourite activities, the centenarian said, “Dominoes is a very funny game, whatsoever you draw in shuffling, if you don’t get the right dominoes to put you up and win the game, you can’t win. Then you must play what you get in your hand – that is the part of the domino that’s important. I hope I get the lovely part of the YesterdaY's sOLUtIONs 1234567 8 910 1112 131415 1617 18192021 2223 2425 1234567 8 910 1112 131415 1617 18192021 2223 2425 Puzzle 16268 ACROSS: 1 Liberal, 5 Focus, 8 Put one’s feet up, 9 Extra, 10 Outcome, 11 Cheeky, 12 Orange, 15 Roundly, 17 Scold, 19 Filled the bill, 20 Lotus, 21 Cutlery. DOWN: 1 Lapse, 2 Bite the bullet, 3 Ransack, 4 Lissom, 5 Fleet, 6 Cut down to size, 7 Supreme, 11 Careful, 13 Respect, 14 Mystic, 16 Dress, 18 Delay. aCrOss 1 A deep blue (6) 4 Discouraging influence (6) 9 Indonesian island (7) 10 Beginning (5) 11 Golf course (5) 12 Exacerbate (7) 13 Decided in advance (3-3-5) 18 Impious (7) 20 Ancient Greek philosopher (5) 22 Demand and obtain (5) 23 Steal attention from (7) 24 Fast (6) 25 Dull and heavy (6) dOWN 1 Affront (6) 2 Evil spirit (5) 3 Become a sailor (2,2,3) 5 Distant (5) 6 Journey by sea (7) 7 Preferably (6) 8 Constantly (3,2,3,3) 14 Raise in status (7) 15 Quick sharp retort (7) 16 Compulsion by threat (6) 17 To control (6) 19 No longer in fashion (5) 21 Give as prize (5) The Compass Crossword Puzzle The Compass universal kakuro Puzzle 16269 The numbers in the black cells are clues. Numbers above the slash are across clues. Number below the slash are down clues. The goal is to enter digits 1 - 9 in the white cells to add up to the number clues. You cannot enter any digit more than once when adding up to clue. cartoon Jake Fuller domino when I shove it, I win and give six love.” If it’s only good luck he gets, Howell said, he will be happy and satisfied just the same. “Good luck is an important part of our life,” he said. He said he is still looking for a second wife. “I don’t know if it will be this birthday,” he said. “I don’t have the direct feelings of marrying, but if it comes my way, I will try to do what I can,” he added with a laugh. Howell recalls as a young boy the excitement in his community when a noise in the sky had folks claiming, “God was coming.” “People were afraid,” he said. “We saw the object in the sky passing overhead, some people later found out it was a plane flying over to Jamaica.” Howell said. He arrived in Cayman in 1958 at the invitation of Caymanian band leader S.E. Nembhard, who wanted his services as a saxophone player. After staying on the island for six months, he went back to Jamaica to get married but returned to rejoin Nembhard’s band, and later to take up the shoemaking business. Howell says his favourite place is home, and his love is music, which is the most enjoyable thing in his life. He has been widowed since 2012, when his wife, Alma Baronis Howell, passed away at the age of 80. Howell says he has rarely had any health issues and, at present, still feels healthy. He moves from his chair with ease, and gives a strong handshake as he makes his way to the back of his little shoe shop. He says he’s is up-to-date on technology and can use a cellphone. “I have a camera at home and love to take pictures – pictures of anything,” he added. 4The Insurance Broker for all your Insurance needs Unit# 10B Cayman Falls | P.O. Box 11118 Grand Cayman KY1-1008 Tel: 345-943-2475 | Fax: 345-943-2472 Email: info@cipil.net www.cipil.net Relax You’re with us. A dozen Zumba class participants have raised $500 for the Breast Cancer Foundation through the Pennies Direct charity. Pennies Direct handed over a cheque, and also donated 50 Zumba classes, to the foundation on Monday. Organisers said the donation was the first of many it intended to make in 2020. Zumba classes for $10 are being specially held at 5:30pm every Monday, Wednesday and Thursday at the South Sound Community Centre, with all money paid for these sessions going to Cayman charities, organisers said. For more information about joining a class or to find out how a local charity can join Pennies Direct, visit http://pennies.direct. Zumba dancers raise money for charity ANDREL HARRIS aharris@compassmedia.ky Charmaine Moss and Canover Watson appeared before the Summary Court on Tuesday to face charges of defrauding local and regional football bodies. Moss, 45, and Watson, 49, along with Jeffrey Webb, 55, are alledged to have conspired to defraud the Confederation of North, Central America and Caribbean Association Football (CONCACAF) between January 2012 and September 2014. According to court documents, the trio is alleged to have created a fake company called Ironshore International Limited*, and then submitted inflated and fraudulent invoices to CONCACAF. Moss and Webb are also jointly charged with an additional count of conspiracy to defraud CONCACAF, which alleges the submission of more fraudulent invoices during the same period. Moss also faces a third charge of converting criminal property in relation to funds transferred to Ironshore International and Moss International Limited. Defence attorney Nicholas Dixie, representing Moss, told Magistrate Valdis Foldats that he had hoped to have the matter adjourned. “The difficulty we face is that we have requested the prosecution review the charges and file them as a statutory offence, instead of a common law offence,” said Dixie. The charges against the defendants have been filed as common law offences, which, together with the nature of the charges, causes them to fall in the Category A bracket, and those can only be dealt with in the Grand Court. By changing the charges to statutory offences under Section 321 of the Cayman Islands Penal Code, they would be deemed to be Category B offences and, therefore, the matters could be dealt with in either the Summary Court or the Grand Court. Foldats said the charges were listed as common law offences and “fall as Category A offences, which means I must transmit them to the Grand Court forthwith”. “I suppose your Honour may be right,” said Dixie, “However, I am worried, having received a 16-page summary of facts documents. Furthermore, if we intend to apply for a ‘no case to answer’ submission, there are strict time constraints. This is a complex case and, ultimately, the Crown has a duty to continued review.” Prosecutor Toyin Salako said she would review the charges, but added that it was unlikely that they would be changed from being a common law offence. Watson, who is represented by Amelia Fosuhene, had his charges elevated to the Grand Court. At the time of the alleged offences, Webb was a FIFA vice president, the president of CONCACAF, and the president of the Cayman Islands Football Association. Watson served as a CIFA executive. Moss did not serve in an official capacity with CIFA, but worked closely with the association, according to court documents. Moss works for the Royal Cayman Islands Police Service as a business case development manager. Police Commissioner Derek Byrne has stated that she has been placed on required leave. Moss and Watson were released on bail. Their next appearance will be before the Grand Court on 24 Jan. Webb was not present in court. He remains on strict bail conditions in the US for unrelated matters of a similar nature. *Editor’s note: This company has no relation to a company of the same name based in the UK. Two appear in court over football fraud Moss, Watson and Webb are alleged to have conspired to defraud CONCACAF . Canover WatsonCharmaine Moss cayman compass 5 news N news WEDENSDAY, 8 JANUARY 2020Cullers will be out and about on the hunt for the invasive green iguanas. 6 news N news Cullers required to re-register RESHMA RAGOONATH rragoonath@compassmedia.ky The 2020 edition of the green iguana cull has started, with 594 of the animals being turned in to the Department of Environment in the first three days of this year's cull. Registration began Monday for the programme that is aimed at controlling the numbers of the invasive species in Grand Cayman. More than 50 people had signed up at the George Town landfill by Tuesday to participate in the DoE-led project. The department is urging all cullers who participated in the effort last year to renew their contracts. “All cullers now need to re-register at the landfill reception site and obtain their 2020 culler cards. Cullers with air rifle licences will need their new culler card to reapply to RCIPS for the special licensing provisions they had in 2019,” the DoE’s Fred Burton told the Cayman Compass. Cullers must be at least 18 years old and must possess either Caymanian status or a valid trade and business licence. Slow start for new cull phase Karl Noble, director of Cornwall Consulting Ltd., which is managing the cull for the DoE, said the programme kicked off slowly this month, but he expects the numbers to be back to normal by the end of February. Last year, 1.1 million iguanas were culled. “It has been very cool and the animals tend to hide in this kind of weather, so we are off to a slow start,” Noble said on Tuesday morning. “However, within the next week or so, as we get the cullers signed in, as we educate them on where they can likely find iguanas, and best practices, and those sorts of things, we expect to see the numbers picking up.” Noble said any green iguanas brought in after 31 Jan. by cullers with expired registration cards would not be accepted. He said 467 cullers signed up last year, but only about 150 cullers were turning in iguanas on a regular basis. He chalked this up to people signing up out of curiosity and the easy availability of iguanas at the start of the programme. “Now, the task is a lot more difficult, because the iguana is less accessible, so we forecast about half that number [of cullers] will sign up for this phase in 2020,” he said. DoE, Cornwall aim high Noble said that, despite the number of consistent cullers, the programme’s pilot phase was a success. “Government had forecast there were 1.3 to 1.6 million iguanas actually on the island. We had hoped to hit the million-iguana mark by December 22 last year and we actually did 1.1 million at that point last year, so actually we were overwhelmed with how well we did last year,” he said. It is a point culler Donna Rita Dilbert shared. She said she was happy the programme was renewed for 2020. “I enjoyed doing it, for keeping our island clean, and to get a few extra bucks, of course,” she said. “I think [the cull] made an impact. It was very good; they did a lot of cleaning and got a lot of stuff. So, I feel it was great. I am happy they are doing it again this year.” Environment Minister Dwayne Seymour commended the DoE’s efforts in a media statement Monday, adding, “there is still more work to do. Cabinet has agreed to fund this project going into 2020 to ensure we don’t let the situation get out of hand again.” What the numbers look like Noble said the last green iguana population survey estimated around 109,000 adults were in Grand Cayman, along with a possible 800,000 juvenile iguanas. “If we are able to hit, in my view, about 600,000, that would be an amazing year for us,” he said. Burton said the DoE is considering running another green iguana survey in February, similar to the one conducted last year. “We did the main annual survey last August, and since that time, there was a large emergence of new hatchlings (from eggs laid last summer when the population was much higher). The cullers have been targeting those hatchlings ever since. This has kept the weekly cull numbers up, right through the end of 2019,” Burton said in an email. He said, at present, it is difficult to know what proportion of last year’s hatchlings have been culled. “[It is] hard to project numerical expectations at this point. However, we ideally wish to reduce the August 2019 population by some 80% or more by August of 2020,” he added. 2020 green iguana cull begins See video online at: caymancompass.com Culled iguana numbers 2 Jan. – 291 3 Jan. – 66 4 Jan. – 237 Culler Donna Rita Dilbert signs her new contract Tuesday during registration for the new phase of the green iguana cull at Cornwall Consulting Ltd.'s office at the George Town landfill site. Cullers must agree to the following contract terms: • The ability to correctly identify green and blue iguanas • Never trespass on private property • Treat animals humanely • Cull companies must manage team members and/or acquire green iguanas in a responsible manner, consistent with local laws and regulations.VICKI WHEATON vwheaton@compassmedia.ky There seems to be an explosion of music and theatre happening in South Florida this month, with shows, concerts and comedians filling the calendar every week. This is a great time of year for theatre- lovers, as the touring companies of major Broadway shows bring hits like ‘Hamilton’ and ‘Aladdin’ within spitting distance of Cayman. Why travel to New York when you can head one hour north and see it all for a much nicer price? Cirque du Soleil is in town with its ‘Alegria’ production at the same time as the Jurassic World Live Tour. Both would be great for the family to see and could be booked for the same weekend. Old favourites like the Righteous Brothers and Engelbert Humperdinck (yes, he is still with us) are performing in the area, with big acts such as Billy Joel and Celine Dion also on the roster. Feeling romantic? Check out Michael Bolton at the Seminole Casino. In the mood for some nostalgia? Get tickets for The Kingston Trio, The Temptations and the Four Tops. Lord knows, we could all use a good laugh, and January has them to spare with Gilbert Gottfried, the duo of Steve Martin and Martin Short, Damon Wayans Jr., Joel McHale and Trevor Noah in town. The Festival of Laughs happens on 18 Jan., if you just can’t get enough chuckles in your life. There is a wealth of culture, arts and music to be found in South Florida, particularly this month. Treat yourself to a trip and prepare to be entertained. Tickets are available through www.ticketmaster.com. Shows in South Florida this month • If you are renting a car and attending a big event, look to buy a parking pass as well. • Reserve a hotel room near the venue so a taxi or Uber doesn’t cost you a fortune. • Get to the venue early as queues can be long. • Try not to carry a bag as security checks everything which can delay entrance. • If the seats you want aren’t available through the usual channels, check ticket brokers. • They will be more expensive, but worth it if you’re travelling specifically for the event. • Use the toilet before the show. Some of the older theatres have limited stalls. No fun at intermission. Cirque du Soleil: ‘Alegria’ 10 Jan. Hard Rock Stadium Miami – 4:30pm Jurassic World Live Tour 10 Jan. AmericanAirlines Arena Miami – 7pm Billy Joel 10 Jan. Hard Rock Live Hollywood – 8pm ‘Aladdin’ (touring) 10 Jan. Au Rene Theater Ft. Lauderdale – 8pm Righteous Brothers 12 Jan. Coral Springs Center Coral Springs – 7pm Meat Loaf Presents BAT 12 Jan. Amaturo Theater Ft. Lauderdale – 7:30pm New Order 14 Jan. The Fillmore Miami Beach Miami – 8pm Demetri Martin 16 Jan. Parker Playhouse Ft. Lauderdale – 7:30pm Tamiami International Orchid Festival 17 Jan. Miami Dade Fair Expo Center Miami – 10am Celine Dion 17 Jan. AmericanAirlines Arena Miami – 7:30pm Queensryche 17 Jan. Culture Room Ft. Lauderdale – 7:30pm Damon Wayans Jr. 17 Jan. The Comedy Club Hollywood – 8pm Festival of Laughs 18 Jan. James L. Knight Center Miami – 8pm Trevor Noah 18 Jan. Hard Rock Live Hollywood – 8pm The Glenn Miller Orchestra 19 Jan. Parker Playhouse Ft. Lauderdale – 3pm The Kingston Trio 21 Jan. Amaturo Theater Ft. Lauderdale – 7:30pm Matisyahu 22 and 23 Jan. Aventura Arts & Cultural Center Aventura – 8pm Gilbert Gottfried 23-26 Jan. The Comedy Club Hollywood – 7pm Engelbert Humperdinck 23 Jan. Parker Playhouse Ft. Lauderdale – 7:30pm The Temptations & Four Tops 23 Jan. Seminole Casino Coconut Creek – 8pm Joel McHale 24 and 25 Jan. Miami Improv Doral – 8 and 10:30pm Steve Martin and Martin Short 25 Jan. Hard Rock Live Hollywood – 8pm Farruko 25 Jan. AmericanAirlines Arena Miami – 8:30pm C.S. Lewis Onstage 26 Jan. Parker Playhouse Ft. Lauderdale – 4pm ‘Hamilton’ Starts 28 Jan. Kravis Center West Palm Beach – 8pm Lyle Lovett 29 Jan. Parker Playhouse Ft. Lauderdale – 8pm Michael Bolton 29 Jan. Seminole Casino Coconut Creek – 8pm 'Aladdin' brings the magic to Florida this month. Billy JoelCeline Dion The Jurassic World tour is perfect for all ages. Michael BoltonTrevor Noah Tips for a great experience cayman compass 7 L living WEDENSDAY, 8 JANUARY 2020 Cirque du Soleil: Trevor Noah WEDENSDAY, 8 JANUARY 2020 'Alegria' by Cirque du Soleil has multiple performances under the Big Top.cayman compass 8 B business WEDENSDAY, 8 JANUARY 2020 MICHAEL KLEIN mklein@compassmedia.ky The Cayman Islands features on an updated list of low-tax jurisdictions issued on 30 Dec. 2019 by the Dutch Ministry of Finance to enforce certain anti-tax avoidance rules. The list, which is updated each year, includes low-tax jurisdictions with a corporate tax rate of less than 9%, as well as those countries that are deemed uncooperative in tax matters by the European Union. Although the EU blacklist was intended to replace national tax lists, member states maintain the right to set their own stricter rules and criteria. The jurisdictions on the Dutch tax list fall within the scope of controlled foreign companies (CFC) rules, which were introduced on 1 Jan 2019 under the EU’s Anti-Tax Avoidance Directive. As a result, a withholding tax that is equal to the Dutch corporate tax rate will be applied to interest and royalty payments to these jurisdictions from 2021. The corporate tax rate in 2021 is expected to be 21.7%. As of 1 July 2019, companies in the listed jurisdictions will also no longer receive tax rulings from the Dutch tax authorities. The low-tax jurisdictions on the list, in addition to Cayman, are Anguilla, Bahamas, Bahrain, Barbados, Bermuda, the British Virgin Islands, Guernsey, the Isle of Man, Jersey, Turkmenistan, the Turks and Caicos Islands, Vanuatu, and the United Arab Emirates. The aim of the list is to prevent companies from avoiding tax by moving mobile assets through the Netherlands to low-tax jurisdictions. State Secretary for Finance Menno Snel said by drawing up its own stringent blacklist, the Netherlands was showing that it is serious in its fight against tax avoidance. “And that’s just one of the steps we’re taking,” he said in a press release. Barbados has been added to the list because its corporate tax rate fell below 9% in 2019, while Turkmenistan was added after its analysis showed that the applicable income tax rate in the country is not 20% but 8%, the Finance Ministry said. Conversely Saudi Arabia, Kuwait, Qatar, and Belize have been removed from the updated list because the Dutch government incorrectly believed that the corporate tax rate for non-resident companies in those jurisdictions was below 9%. When the Netherlands issued the list for the first time last year, Cayman Finance CEO Jude Scott said it was “unusual” to issue a list solely based on a low headline tax rate, adding that his organisation “wholeheartedly rejected this attempt to tarnish the reputation” of the Cayman Islands and its financial services industry. He noted that the Cayman Islands does not have double taxation treaties and therefore did not pose the risk of aggressive tax avoidance. The Cayman Islands government in a statement at the time rejected the blacklisting as “unjustified” and “lacking in fairness and credibility” as it ignored Cayman’s tax transparency and tax compliance efforts in the OECD’s BEPS Inclusive Framework and with the EU’s Code of Conduct Group in terms of new economic substance rules. Cayman remains on Dutch tax blacklist The list, which is updated each year, includes low- tax jurisdictions with a corporate tax rate of less than 9%. Eleanor Fisher and Tammy Fu have joined EY as partner and associ- ate partner, respectively, in the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands. They join EY from restructuring firm Kalo Advisors, where they were founding partners. “We’re thrilled to have Eleanor and Tammy join our Transaction Advisory Services team in the region,” said EY regional managing partner Dan Scott, in a press release. “Their combined 40 plus years of experience and expertise in offshore debt restructuring and international insolvency really augment our team enabling us to provide a wide range of solutions and value to a vast array of clients.” Fisher has more than 20 years of experience leading complex financial restructurings and insolvencies of offshore companies in the region and globally. She acted as liquidator for many funds exposed to liquidity issues and fraud. Fisher is a fellow of the Institute of Chartered Accountants in England and Wales, and a Cayman Islands-qualified insolvency practitioner. Fu also has two decades of experience working with stakeholders and companies to identify and implement solutions in complex and distressed situations. She has also served in an advisory capacity for both creditors and companies and is a fellow of the Association of Chartered Certified Accountants, an accredited mediator, and a Cayman Islands- qualified insolvency practitioner. Both have led major international debt restructurings including the US$3.7 billion restructuring of offshore drillship group, Ocean Rig; Chinese- operated solar panel manufacturer, LDK; and Bahrain-headquartered Islamic investment bank, Arcapita. Both also acted as liquidators of large investment funds and are familiar with working in other offshore jurisdictions, having acted as liquidators in Bermuda and the British Virgin Islands. “We’re glad to have Eleanor and Tammy join a team that can provide unparalleled, experienced service to companies and other entities in the region,” said Keiran Hutchison, EY regional head of transaction advisory services. “Both individuals are well-recognised in this region, the US and the UK as leading restructuring professionals having worked on many groundbreaking projects. In a rapidly changing, increasingly digital and disrupted business environment, they will help us help bring new products and innovation to our clients, enabling organisations to reshape results for a better future.” EY grows transaction advisory services team From left, Keiran Hutchison, Eleanor Fisher, Tammy Fu and Dan Scott. Corporate and fund services pro- vider ZEDRA and private equity firm Corsair Capital LLC have an- nounced the closure of Corsair’s majority investment in the group. The transaction, which was first announced on 28 Nov. 2018, has been approved by all relevant regulatory authorities. Following the close of the transaction, Bart Deconinck, the former CEO of Intertrust and a founder of Vistra before he co- founded Zedra four years ago, has been appointed group executive chairman. Ivo Hemelraad, until now Zedra group director of corporate funds and legal, will assume the role of group chief executive officer. Deconinck said ZEDRA was entering the next stage of its ambitious growth plans. “Powered by a combination of the resources and expertise of Corsair, together with ZEDRA’s considerable experience in the sector, we are looking forward to a period of rapid growth and expansion of the range of services we offer to our clients,” he said in a press release. “The major acquisitions we have made over the past year expand our footprint across Switzerland, the Nordic countries, Cayman and offshore UK jurisdictions, bringing additional clients and staff into the ZEDRA family.” Last year ZEDRA made several acquisitions and expanded its network with about 570 staff in 16 offices covering 13 jurisdictions across Asia, Oceania, the Americas and Europe. “ZEDRA is a unique firm with unparalleled capabilities, and we are pleased to have closed this exciting investment,” said Raja Hadji-Touma and Derrick Estes, managing directors at Corsair Capital. “We look forward to partnering with an ambitious management team, led by Bart Deconinck, with a proven track record of building leading companies in the sector. “We believe our investment and financial services expertise, along with the unmatched global network we bring to bear, will help support continued rapid growth at ZEDRA.” ZEDRA provides wealth- management services to high- net-worth individuals, as well as medium- to large-sized companies, asset managers and their investors. ZEDRA and Corsair Capital announce close of transactionADVENTURE AWAITS Career is an adventure. We can take you where you want to go. steppingstonesrecruitment.com cayman compass 9 B business WEDENSDAY, 8 JANUARY 2020 CaymanIslands Stock Exchange Third Floor, SIX, Cricket Square,P.O.Box2408 Grand Cayman KY1-1105 Telephone:(345) 945 6060 Fax:(345) 945 6061 Email:csx@csx.ky Website:www.csx.ky MutualFundNavDateCurrNavMutualFundNavDateCurrNavMutualFundNavDateCurrNav Disclaimer:TheCaymanIslandsStockExchange(“CSX”)makesnorepresenta- tionsaboutthesuitabilityoraccuracyoftheinformationcontainedinthisreport.This reportdoesnotconstituteadviceorasolicitationtosubscribe,purchaseorsellsecuri- ties.TheCSXexpresslydisclaimsanyliabilityorinrelianceuponanypartofthis report. Theinformationpublishedinthiseditiontogetherwiththeinformationonthelisted specialistdebtsecuritiesandderivativewarrants,notincludedinthisreport,and contactdetailsforCSXbrokermembersandfundadministratorsisavailableonthe CSXwebsiteatwww.csx.kyoronthe CSXBloombergpages atCSX <Go>. EquityListingswk% chgDateCurCloseXDDiv.Amt Weeklyreportas of7January, 2020Total MarketCapitalisationoflisted securities: USD 426.240Billion ClassJ-JPYShareSeries330-Nov-2019JPY103,525.36 ClassJ-JPYShares30-Nov-2019JPY101,780.86 ClassJ-USDShareSeries331-Dec-2017USD1,025.67 ClassJ-USDShareSeries430-Nov-2019USD1,022.03 Series1ClassJ-USDShares30-Nov-2019USD1,107.73 JPYUnits29-Nov-2019JPY9,845.07 DLeadSeries30-Nov-2019USD907.98 DSeries01-1630-Nov-2019USD1,025.02 DSeries01-1730-Nov-2019USD1,144.00 DSeries01-1930-Nov-2019USD965.27 DSeries02-1630-Nov-2019USD1,134.87 DSeries02-1730-Nov-2019USD1,135.33 DSeries02-1931-Oct-2019USD0.00 DSeries03-1630-Nov-2019USD1,108.50 DSeries03-1730-Nov-2019USD1,109.99 DSeries03-1830-Nov-2019USD807.18 DSeries04-1530-Nov-2019USD801.29 DSeries04-1631-Mar-2019USD1,162.07 DSeries04-1830-Sep-2019USD775.50 DSeries04-1930-Nov-2019USD874.57 DSeries05-1530-Nov-2019USD780.86 DSeries05-1630-Apr-2019USD1,109.94 DSeries06-1530-Nov-2019USD800.09 DSeries06-1631-May-2019USD1,029.73 DSeries06-1730-Nov-2019USD1,040.15 DSeries06-1830-Nov-2019USD839.90 DSeries07-1530-Nov-2019USD824.16 DSeries07-1730-Nov-2019USD968.46 DSeries07-1830-Nov-2019USD842.57 DSeries07-1930-Nov-2019USD928.40 DSeries08-1530-Nov-2019USD881.08 DSeries08-1631-Jul-2019USD1,087.17 DSeries08-1730-Nov-2019USD928.09 DSeries08-1830-Nov-2019USD849.78 DSeries08-1930-Nov-2019USD1,013.34 DSeries09-1530-Nov-2019USD947.50 DSeries09-1631-Aug-2019USD1,080.13 DSeries09-1930-Nov-2019USD1,023.48 DSeries10-1530-Sep-2018USD1,031.50 DSeries10-1630-Sep-2019USD1,054.68 DSeries10-1830-Nov-2019USD914.52 DSeries10-1930-Nov-2019USD1,016.09 DSeries11-1530-Nov-2019USD970.01 DSeries11-1631-Oct-2019USD1,059.01 DSeries12-1430-Nov-2019USD739.83 DSeries12-1530-Nov-2018USD1,093.47 B30-Nov-2019USD1,238.77 B30-Nov-2019USD1,311.59 ClassA30-Nov-2019USD18,894.21 30-Sep-2019USD31.11 GBPClassBShares30-Nov-2019GBP64.52 GBPClassCShares30-Nov-2019GBP61.57 USDClassAShares30-Nov-2019USD75.19 USDClassBShares30-Nov-2019USD61.64 USDClassFShares30-Nov-2019USD17.41 BalancedFundClassA22-Nov-2019USD139.86 EquitiesFundAccumulation(A)Shares22-Nov-2019USD111.42 Short Duration IncomeFundClassA22-Nov-2019USD116.02 29-Nov-2019USD956.43 31-Dec-2019BMD36.28 31-Dec-2019USD19.04 USDollarClass31-Dec-2019USD31.94 ClassACAD07-Jan-2020CAD17.22 ClassAGBP07-Jan-2020GBP20.45 ClassAUSD07-Jan-2020USD25.57 ClassBCAD25-Sep-2019CAD17.60 ClassBGBP26-Nov-2019GBP20.85 ClassBUSD07-Jan-2020USD26.06 AlternativeInvestment Class27-Dec-2019USD15.14 EquityClass27-Dec-2019USD18.09 FixedIncomeClass27-Dec-2019USD21.89 ClassA31-Dec-2019USD10.69 ClassB31-Dec-2019USD10.91 CNS InternationalEquityFundShares19-Dec-2019USD9.39 CNSUSBondFundShares19-Dec-2019USD10.44 CNSUSEquityFundShares19-Dec-2019USD19.26 ClassAShares(MinimumSubscription: EURequivalentof US$1,000,000)31-Dec-2019EUR663.96 ClassBShares(MinimumSubscription: EURequivalentof US$25,000)31-Dec-2019EUR566.28 ClassCShares(MinimumSubscription: US$1,000,000)31-Dec-2019USD660.71 ClassDShares(MinimumSubscription: US$25,000)31-Dec-2019USD561.48 ClassGShares(MinimumSubscription: CHFequivalentof US$1,000,000)31-Dec-2019CHF662.23 ClassHShares(MinimumSubscription: CHFequivalentof US$25,000)31-Dec-2019CHF564.00 AxiomBalancedFund-Institutional02-Jan-2020USD159.29 AxiomBalancedFund-Retail02-Jan-2020USD153.21 AxiomBalancedFund-Wealth02-Jan-2020USD156.76 AxiomCapitalPreservation-Institutional02-Jan-2020USD117.62 AxiomCapitalPreservation-Retail02-Jan-2020USD114.27 AxiomCapitalPreservation-Wealth02-Jan-2020USD116.51 AxiomConservativeFund-Institutional02-Jan-2020USD137.56 AxiomConservativeFund-Retail02-Jan-2020USD133.56 AxiomConservativeFund-Wealth02-Jan-2020USD134.89 AxiomGrowthFund-InstitutionalClass02-Jan-2020USD190.94 AxiomGrowthFund-Retail02-Jan-2020USD174.45 AxiomGrowthFund-Wealth02-Jan-2020USD181.89 CIBCCanadianDollarMoneyMarket Fund02-Jan-2020CAD31.88 CIBCUSDollarBondFund02-Jan-2020USD39.64 CIBCUSDollarMoneyMarket Fund02-Jan-2020USD24.72 ClassAshares31-Dec-2019USD73.31 ClassA Interests30-Nov-2019EUR118,194,530.65 ClassBinterests30-Nov-2019EUR534,033.37 ClassATaiwan29-Nov-2019USD30.61 ClassDMalaysia29-Nov-2019USD12.57 ClassESouthKorea29-Nov-2019USD11.83 ClassGIndonesia28-Mar-2018USD20.65 ClassHPhilippines29-Nov-2019USD18.76 EnhancedChina IndexFund29-Mar-2019USD47.04 Enhanced IndonesiaIndexFund12-Apr-2018USD20.69 EnhancedMalaysiaIndexFund19-Dec-2019USD12.96 EnhancedPhilippines IndexFund19-Dec-2019USD18.69 EnhancedSouthKorea IndexFund19-Dec-2019USD12.83 EnhancedTaiwanIndexFund19-Dec-2019USD32.94 31-Oct-2019USD120.04 Anunlimitednumberof ClassAnon-votingsharesof RMB1,000each06-Dec-2019CNH1,000.00 ClassB InitialSeries30-Nov-2019USD42.21 ClassGSharesGBP30-Nov-2019GBP48.03 ClassA30-Nov-2019USD1,209.98 SeriesA1-130-Nov-2019USD177.68 SeriesA1-2201131-Dec-2017USD181.82 SeriesA1-331-Dec-2017USD181.83 SeriesA1-431-Dec-2017USD181.84 SeriesA1-630-Nov-2019USD175.87 SeriesA1-731-Jan-2019USD202.71 SeriesA1-831-Dec-2017USD179.23 SeriesA2-130-Nov-2019USD173.39 SeriesA2-231-Dec-2017USD179.15 SeriesA2-330-Nov-2019USD172.38 SeriesA2-531-Dec-2017USD179.14 SeriesB1-1-0930-Nov-2019USD166.86 SeriesB1-2201131-Dec-2017USD171.67 SeriesB1-331-Dec-2017USD171.68 SeriesB1-431-Dec-2017USD171.72 SeriesB1-531-Dec-2017USD171.67 SeriesB1-631-Dec-2017USD168.16 SeriesB1-731-Dec-2017USD181.62 SeriesB2-130-Nov-2019USD162.83 SeriesD1-130-Nov-2019EUR100.42 SeriesS1-130-Sep-2017USD98.34 03-Jan-2020JPY8,425.75 Series1Units31-Dec-2019JPY10,230.00 Series2Units31-Dec-2019JPY10,205.00 Series3Units31-Dec-2019JPY10,250.00 Series1ClassJ-USDshares30-Nov-2019USD2,472.61 Series4ClassJ-USDshares30-Nov-2019USD1,110.42 Series5ClassJ-USDshares30-Nov-2019USD1,087.91 Series6ClassJ-USDshares30-Nov-2019USD1,065.72 Series7ClassJ-USDshares30-Nov-2019USD1,048.28 Series8ClassJ-USDshares30-Nov-2019USD995.94 30-Nov-2019USD121.70 30-Nov-2019USD50.67 GBPClassAShares31-Oct-2019GBP16,132.22 GBPClassBShares31-Oct-2019GBP17,739.97 GBPClassEShares31-Oct-2019GBP11,310.85 USDClassAShares31-Oct-2019USD26,544.64 USDClassBShares31-Oct-2019USD29,015.66 USDClassEShares31-Oct-2019USD11,853.80 GBPClassAShares31-Oct-2019GBP23,132.07 GBPClassBShares31-Oct-2019GBP25,206.29 GBPClassEShares31-Oct-2019GBP11,340.69 USDClassAShares31-Oct-2019USD22,947.36 USDClassBShares31-Oct-2019USD24,844.55 USDClassEShares31-Oct-2019USD11,826.07 ClassA03-Jan-2020USD81.05 ClassB03-Jan-2020USD86.31 ClassI03-Jan-2020USD90.07 USDClassSShare03-Jan-2020USD89.60 30-Nov-2019USD107.87 ClassF-131-Dec-2019USD107.58 ClassF-231-Dec-2019JPY10,052.31 ClassF-431-Dec-2019AUD123.04 ClassAShares06-Jan-2020USD2.85 ClassACShares06-Jan-2020CAD4.21 ClassNCShares06-Jan-2020CAD3.84 ClassNUShares06-Jan-2020USD2.87 ClassAShares06-Jan-2020USD3.22 ClassNUShares06-Jan-2020USD3.21 ClassAShares06-Jan-2020USD13.55 ClassAShares06-Jan-2020USD9.68 ClassIUShares06-Jan-2020USD10.14 ClassNUShares06-Jan-2020USD9.52 ClassAShares06-Jan-2020USD2.82 ClassNUShares06-Jan-2020USD2.68 ClassAShares06-Jan-2020USD18.03 ClassNUShares06-Jan-2020USD18.06 EuroClass30-Nov-2019EUR109.08 ClassA InitialSeries30-Sep-2019EUR1,108.94 ASEANPrimeFund29-Nov-2019USD7,232.41 EuropePremierFund03-Jan-2020EUR8,666.66 StrategicAsiaFund29-Nov-2019USD4,967.46 StrategicEuropeFund03-Jan-2020EUR4,579.11 ClassA30-Nov-2019USD1,339.96 ClassB30-Nov-2019USD1,293.11 ClassC30-Nov-2019USD1,299.41 ClassA130-Nov-2019USD88,590.78 ClassB126-Dec-2019USD80,630.60 CargillAndeanAgribusinessB.V. (CAAKY)0.0011-Sep-2014USD100.00 CaymanNationalCorporationLimited(CNCKY)0.0006-Jan-2020USD4.9027-Mar-20190.060 O2MicroInternationalLimited(OIIMKY)0.0006-Jan-2020USD1.71 VBTHoldingsLtd. (VBTKY)0.0020-Dec-2019USD370.0027-Apr-20155.000 WhalsayEnergyHoldingsLimited()0.00USDNext >